*** Official Politics Shitposting Thread ***

[CoccoBill]

I have no idea why you would think that. 3 out of 4 stocks move with the market.

My understanding is that no actual economist claims that DJIA should be used to represent the market. Also, 63% != 2/3 but 75% = accurate?

Great, that means favorable results for 75% of the market as well.

The stock market can surely affect the economy and it does follow it, but I wouldn't start claiming that it represents its health.

[BananaStand]

Also, 63% != 2/3 but 75% = accurate?

Wow, you guys here are gonna be dick-holes over this forever huh?

If you want to change the constitution, it's not ok to equate 63% and 2/3. The difference matters.

And 75% out of a population of thousands and thousands of stocks is most definitely a meaningful trend.

[CoccoBill]

Wow, you guys here are gonna be dick-holes over this forever huh?

We, whoever that is, never forget.

[BananaStand]

We, whoever that is, never forget.

Great. So when the bill to eliminate the electoral college fails in the senate by a vote of 63-37.....remember who called it

[wufwugy]

My understanding is that no actual economist claims that DJIA should be used to represent the market.

They do. It isn't a complete representation, but economists do believe that a change in information about the economy will result in a change in the Dow. Not all of them talk about this*, but some do talk about it and it is the theory taught in intro money/banking economics classes.

*Due to political biases, many don't like the theory.

You're right. Pretty much the only people who disagree with that are economists, who tend to criticize the DJIA heavily and favor S&P500 or Wilshire5000.

Both of which have paced the Dow.

Where I was wrong is in saying that the Dow is better than other exchanges. As you pointed out, these other exchanges also show the economy has great preference for Trump.